TulioOliveira, vice president of MercadoPago, said that the company is piloting this project among a few customers and will provide it to more customers in the coming weeks. MercadoLibre will also expand its products to other Latin American markets.
However, customers can't use cryptocurrency to buy goods directly on MercadoLibre for the time being. This decision was made after international payment giant PayPal and its subsidiary Venmo took similar measures.
Galperin, co-founder and CEO, said earlier this year: "Encryption will be a major development. People are trying to preserve their value, and some cryptocurrencies will preserve their value by definition because they cannot be printed and devalued. In May of this year, MercadoLibre purchased bitcoin worth $7.8 million.
It is understood that MercadoLibre began to set up a financial technology department in 2003, and gradually increased its services, from wallets and payment methods to providing credit and insurance for buyers and sellers.
Recently, MercadoLibre announced the third quarter financial report of 20021. The financial report shows that its GMV in the third quarter increased by 23.9% year-on-year to 7.3 billion US dollars, of which 74. 1% came from the mobile terminal.
As of September 30th, 20021year, the company's net income in the third quarter was US$ 654,380.9 billion, up 66.5% year-on-year in dollar terms and 72.9% in foreign exchange neutral terms. In dollar terms, business income increased by 69% year-on-year to reach $65.438+0.25 billion, and financial technology income increased by 66.5438+0.7% year-on-year to reach $634 million. The gross profit is $807 million, and the profit rate is 43.4%, which is 43% in the third quarter of 2020.
In addition, the company's total operating expenditure was $646.2 million, a year-on-year increase of 62.7% in dollar terms. Operating expenses accounted for 34.8% of revenue, compared with 35.6% in the third quarter of 2020; Operating income was $654.38+$60 million, compared with $8,365,438+$00,000 in the same period last year. The percentage of operating income to income is 8.6%; Interest income and other financial gains were $35.4 million, a year-on-year increase of 44%.